Indian Overseas Bank IFSC Code Indore Branch, MICR code, Address

IFSC Code of Indian Overseas Bank INDORE, MICR Code of Indian Overseas Bank INDORE

Get IFSC Code and MICR code of Indian Overseas Bank, Indore, Madhya Pradesh branch in INDORE city along with the address

Bank	Indian Overseas Bank
IFSC Code	IOBA0000662 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	452020002
Address	575, CLASSIC CENTRE, M G ROD, INDORE
Contact Number	2520090
Branch	INDORE
City	INDORE
District	Indore
State	Madhya Pradesh

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 9.50%*

Business Loan
@ 13.50%*

Loan Against Property
@ 8.50%*

Car Loan
@ 9.25%*

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Indian Overseas Bank Interest Rates in INDORE, Indore

	Interest Rates*
Indian Overseas Bank MCLR Base Rate	8.35% - 8.75%	Past Trend
Indian Overseas Bank Loan Against Property	12.15% - 12.15% Floating	Get Details
Indian Overseas Bank Personal Loan	12.70% - 15.25%	Get Details
Indian Overseas Bank Business Loan	14.90% - 15.25%	Get Details
Indian Overseas Bank FD Interest Rate	4.00% - 6.75%	Get Details

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Other Indian Overseas Bank Branches in Indore

Indore Ifsc Code

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

Indian Overseas Bank News - Jul 2017

2017-07-21 : Canara Bank reports net profit at Rs. 251 crore
Canara Bank has reported a significant growth in its net profit at Rs. 251 crore during the first quarter of FY18 as against Rs. 229 crore during the corresponding quarter of the previous fiscal year. As per the available data, the bank’s total income rose to Rs. 12,304 crore from Rs. 11,786 crore during the corresponding quarter of the previous fiscal year. Banks has managed to increase its profits on the back of strong growth in advances, better NPA management and reduction in proportion of high cost deposits.
2017-07-21 : Indians rush to buy gold from Dubai
Indians are now rushing Dubai to buy gold as it has become costlier in India after the introduction of GST from 1st July, 2017 onwards. Gold jewellers in UAE and gulf region have witnessed that the significant rise in purchase of gold by Indians.
2017-07-21 : NBFCs turn cautious on lending to real estate developers
In a bid to reduce mounting bad loans, NBFCs and banks have turned more cautious on lending to the lesser established or newer real estate developers. NBFCs and banks have also started the practice of conducting forensic due diligence before lending to real estate developers. Leading HFCs including HDFC, Indiabulls, Edelweiss and DHFL have also started roping in corporate investigators before taking a decision to lend.
2017-07-21 : Crisil says resolution of bad loans may hit banks badly: Crisil
Rating firm Crisil has stated that banks may have to absorb huge losses on their balance sheet, given the mounting burden of bad loans. A report by Crisil calculates that banks will have to take a haircut of worth Rs. 2.4 lakh crore to settle their outstanding loans from 50 large stressed assets. These 50 stressed accounts having a combined debt of Rs. 4.3 lakh crore and the banks may need to take a haircut of 60 per cent.
2017-07-21 : Bajaj Finance witnesses improvement in its loan book
One of the leading NBFCs, Bajaj Finance has registered a strong growth in its loan book during the current financial year. Its asset under management (AUM) grew by 35 per cent to Rs. 66,862. Strong growth in its AUM has been achieved by improving its return per customer including cross selling of personal loans and loans against securities.

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